Taylor Devices (NASDAQ:TAYD) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of Taylor Devices (NASDAQ:TAYD) from a buy rating to a strong-buy rating in a report published on Monday.

Taylor Devices Stock Performance

Shares of Taylor Devices stock opened at $43.73 on Monday. The stock has a market capitalization of $136.39 million, a PE ratio of 15.08 and a beta of 1.04. Taylor Devices has a 52 week low of $21.92 and a 52 week high of $64.50. The stock has a 50 day moving average price of $50.49 and a two-hundred day moving average price of $48.94.

Taylor Devices (NASDAQ:TAYD) last posted its quarterly earnings results on Friday, September 27th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter. Taylor Devices had a net margin of 21.22% and a return on equity of 18.95%. The business had revenue of $11.62 million during the quarter.

Hedge Funds Weigh In On Taylor Devices

Several large investors have recently added to or reduced their stakes in TAYD. MetLife Investment Management LLC bought a new stake in Taylor Devices during the 3rd quarter worth approximately $70,000. Rhumbline Advisers purchased a new position in shares of Taylor Devices during the second quarter valued at approximately $86,000. FMR LLC grew its holdings in Taylor Devices by 1,138.6% during the third quarter. FMR LLC now owns 1,796 shares of the industrial products company’s stock worth $90,000 after buying an additional 1,651 shares in the last quarter. BNP Paribas Financial Markets raised its position in Taylor Devices by 261.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,096 shares of the industrial products company’s stock valued at $155,000 after buying an additional 2,239 shares during the last quarter. Finally, Barclays PLC lifted its stake in Taylor Devices by 325.6% during the 3rd quarter. Barclays PLC now owns 3,426 shares of the industrial products company’s stock valued at $172,000 after acquiring an additional 2,621 shares in the last quarter. Institutional investors own 17.62% of the company’s stock.

Taylor Devices Company Profile

Taylor Devices, Inc engages in design, development, manufacture, and marketing of shock absorption, rate control, and energy storage devices for use in machinery, equipment, and structures in the United States, Asia, and internationally. Its products include seismic dampers that are designed to mitigate the effects of earthquakes on structures; Fluidicshoks, which are compact shock absorbers primarily used in defense, aerospace, and commercial industries; and crane and industrial buffers, which are larger versions of the Fluidicshoks for industrial application on cranes and crane trolleys, truck docks, ladle and ingot cars, ore trolleys, and train car stops.